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Avance Gas sells Gaea LNG carrier

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LNG Industry,

Avance Gas Holding Ltd has released a statement claiming that it has agreed to sell its Gaea LNG carrier. The buyer’s identity has not been disclosed, but Avance claims that the vessel will be delivered and paid for in December 2016.

The sale proceeds correspond to the book value, and will generate approximately US$13.3 million in net cash proceeds, which will help further strengthen the company’s liquidity position.

Edited from press release by David Rowlands

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